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    525   CNE100000379

GUANGSHEN RAILWAY COMPANY LIMITED

(525)
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Guangshen Railway : SUPPLEMENTAL ANNOUNCEMENT IN RELATION TO CHANGE OF DIRECTORS AND SUPERVISORS (Form 6-K)

06/25/2021 EDT

SUPPLEMENTAL ANNOUNCEMENT

IN RELATION TO CHANGE OF DIRECTORS AND SUPERVISORS

Reference is made to the announcement of Guangshen Railway Company Limited (the 'Company') dated June 17, 2021 in relation to, among other things, the change of Directors and Supervisors (the 'Announcement'). Unless otherwise defined herein, capitalized terms used herein shall have the same meanings as those defined in the Announcement.

Pursuant to Rule 13.51(2)(g) of the Listing Rules, the Company would like to provide the following additional information in relation to the emoluments of Mr. Zhou Shangde and Mr. Huang Songli in connection with their current positions in the Company.

Mr. Zhou Shangde

The Company has entered into a service contract with Mr. Zhou Shangde for his appointment as an executive Director for a term commencing from June 17, 2021 and ending on the date of the 2022 annual general meeting of the Company. In accordance with his service contract, Mr. Zhou Shangde will not be entitled to any remuneration or allowance in relation to his service as an executive Director.

As disclosed in the Announcement, Mr. Zhou Shangde is also the deputy secretary of the Party Committee of the Company. He is entitled to an annual remuneration (including salaries, bonuses and other benefits) of approximately RMB415,000 in relation to his service in such position. The remuneration has been determined with reference to his background, qualifications, experience, level of responsibilities, the financial performance of the Company and the prevailing market conditions, and is payable to Mr. Zhou Shangde on monthly basis pursuant to the remuneration policy and relevant administrative measures for remuneration of the Company.

Mr. Huang Songli

The company has entered into a service contract with Mr. Huang Songli for his appointment as an Employee Representative Supervisor for a term commencing from June 17, 2021 and ending on the date of the 2022 annual general meeting of the Company. In accordance with his service contract, Mr. Huang Songli will not be entitled to any remuneration or allowance in relation to his service as an Employee Representative Supervisor.

As disclosed in the Announcement, Mr. Huang Songli is also the chairman of the union and the deputy general manager of the Company. He is entitled to an annual remuneration (including salaries, bonuses and other benefits) of approximately RMB415,000 in relation to his service in such positions. The remuneration has been determined with reference to his background, qualifications, experience, level of responsibilities, the financial performance of the Company and the prevailing market conditions, and is payable to Mr. Huang Songli on monthly basis pursuant to the remuneration policy and relevant administrative measures for remuneration of the Company.

For the avoidance of doubt, save as disclosed in the Announcement, neither of Mr. Hu Dan and Mr. Lei Chunliang currently holds any other positions in the Company or is entitled to any emoluments from the Company.

By Order of the Board
Guangshen Railway Company Limited
Tang Xiangdong
Company Secretary

Shenzhen, the PRC

June 24, 2021

As at the date of this announcement, the Board consists of:

Executive Directors Non-executive Directors Independent Non-executive Directors

Wu Yong

Guo Jiming

Frederick Ma Si-Hang

Hu Lingling

Hu Dan

Tang Xiaofan

Zhou Shangde

Zhang Zhe

Qiu Zilong

Disclaimer

Guangshen Railway Co. Ltd. published this content on 25 June 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 June 2021 13:58:05 UTC.


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Sales 2021 19 427 M 3 010 M 3 010 M
Net income 2021 87,3 M 13,5 M 13,5 M
Net cash 2021 1 140 M 177 M 177 M
P/E ratio 2021 368x
Yield 2021 0,56%
Capitalization 15 184 M 2 352 M 2 353 M
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EV / Sales 2022 0,64x
Nbr of Employees 40 543
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Last Close Price 1,19 CNY
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Spread / Average Target 45,8%
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Managers and Directors
Ling Ling Hu General Manager & Executive Director
Qi Yi Liu Chief-Finance Department
Yong Wu Chairman
Xiao Fan Tang Independent Non-Executive Director
Zi Long Qiu Independent Non-Executive Director